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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Revenues:      
Vessel revenues $ 583,816 $ 955,400 $ 1,468,358
Other operating revenues 17,795 23,662 27,159
Total revenues 601,611 979,062 1,495,517
Costs and expenses:      
Vessel operating costs 359,171 561,133 834,368
Costs of other operating revenues 12,729 18,811 26,505
General and administrative 145,879 153,811 189,819
Vessel operating leases 33,766 33,662 28,322
Depreciation and amortization 167,291 182,309 175,204
(Gain) loss on asset dispositions, net (24,099) (26,037) (23,796)
Asset impairments 484,727 117,311 14,525
Goodwill impairment     283,699
Restructuring charge   7,586 4,052
Total costs and expenses 1,179,464 1,048,586 1,532,698
Operating loss (577,853) (69,524) (37,181)
Other income (expenses):      
Foreign exchange gain (loss) (1,638) (5,403) 8,678
Equity in net earnings (losses) of unconsolidated companies 5,710 (13,581) 10,179
Interest income and other, net 5,193 2,703 1,927
Interest and other debt costs, net (75,026) (53,752) (50,029)
Total other income (expenses) (65,761) (70,033) (29,245)
Loss before income taxes (643,614) (139,557) (66,426)
Income tax (benefit) expense 6,397 20,819 (1,077)
Net loss (650,011) (160,376) (65,349)
Less: Net income (loss) attributable to noncontrolling interests 10,107 (193) (159)
Net loss attributable to Tidewater Inc. $ (660,118) $ (160,183) $ (65,190)
Basic loss per common share [1] $ (14.02) $ (3.41) $ (1.34)
Diluted loss per common share [2] $ (14.02) $ (3.41) $ (1.34)
Weighted average common shares outstanding 47,071,066 46,981,102 48,658,840
Adjusted weighted average common shares 47,071,066 46,981,102 48,658,840
[1] The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding share of common stock, basic”.
[2] The company calculates “Loss per share, diluted” by dividing “Net loss available to common shareholders” by “Weighted average common stock and equivalents”.